Buying properties is not only for use, but it can also be for investment. Because investing is one of the steps to create financial freedom.
Not only so, in the short-term investing is a wise step to overcome the pace of inflation that cannot be dammed.
Among the many types of investments, the property is seen as the best type of investment because it has a relatively small risk with a big profit.
However, although it is in a safe category, it does not mean there is no risk at all. Similarly, investment in other fields, if making a fundamental mistake in investing, propertipun possible loss.
That is why, those who will invest in the area of property need to know how to choose a profitable property.
Here are some tips for investing in property areas that you need to know:
Choose the best developer
To ensure the safety of your investments, make sure you buy a property from a developer who has a convincing credibility by learning about its track record.
Good property developers have the ability to deliver quality projects, they are supported by qualified human resources so that the mistakes that occur in the project are small.
Mistakes that may occur for developers are discrepancies between promises and realities.
For example, the housing project is promised to be received in a period of 12 months, but because something is due late from the promised.
Another example of any discrepancy between the material used with the material promised in the contract.
What’s worse is that the project is late in its entirety or doesn’t run at all.
Good developers have the ability to project planning and analysis. So that with these capabilities they are able to present a good project and easily absorbed by the market.
Location plays a huge role in the success of a property project. Buyers will benefit if buying a property that is in a strategic location because the price of the property will be easily increased.
The strategic location is the location where the demand for the property is higher than its distribution. Demand is greater than suply.
The location that can be categorized here is a location in the area that there are always people who dismount the property.
Because the land has been shortened to the narrowest while the population is always increasing over time.
It is not a misopinion that the location is much more important than the building conditions, if the purchase of the property is made for investment purposes.
How to assess a strategic location or not?
The strategic location has many criteria, but generally a property is seen to have strategic location if not far from the crowded center, shopping centers, offices, public facilities such as hospitals, stadiums, educational institutions, Places of worship and so on.
Supported Complete facilities
The sale price of the property in an environment equipped with a variety of facilities higher than the poor housing facilities.
Because the existence of facilities not only help facilitate daily activities but also open opportunities for property owners to develop other businesses or invest in other sectors.
This is what makes housing that has a lot of facilities with a more expensive price that is unique, it is better than the cheaper housing price but with a minimal facility.
The undeniable fact that many developers have now developed a mixed-use project that combines residential areas with a wide range of public facilities and commercial facilities such as shopping malls, health care venues, Institutions, sports facilities, and so on.
Pay attention to property price movements
In addition to paying attention to the various models of property project development that benefit the buyer through the facts in the field, also note the price movement of the property.
How progressive ups and downs of property prices are in the area, of course, considering the quality of buildings, location and the number of facilities in the vicinity.
By paying attention to the price movements of the property, you will be able to assess where the house is sold at a cheap price and expensive, and know when to hold a property that you have enough to rent it and when to sell .
Don’t accumulate property in one place
Don’t put all your eggs in one basket, do not place all your eggs in a cart.
That’s said the saying wise. The basic of his fiction is if all the eggs you put in one basket then when the basket falls then break the whole egg. All became useless.